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let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your doctor immediately. children and adolescents in particular may be at an increased risk of seizures, confusion or abnormal behavior. the most common side effects are mild to moderate naus
let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for...
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the first one is the enrollment and completion of education. frankly, there's not enough information at the right time for youth to make the right decisions. but then it also breaks down in building the skills. and so unless we have providers, employers and youth worrying working much earlier in the process to develop those kinds of skills, on-the-job training, specifically targeted to the kinds of opportunities out there in the marketplace, we're not going to see improvements in the system. in the third intersection, which is finding a job, we find that the most successful employers are those who have spent time with youth before they even finish their school through some kind of on-the-job training or some kind of exposure to the work that they themselves do. >> talk a little bit, diana, if you could, about where the mismatch seems the worse. it looks as though the developed countries that are among the places where frankly this mismatch between employers and people looking for jobs is most pronounced. >> yeah. i think one interesting take in
the first one is the enrollment and completion of education. frankly, there's not enough information at the right time for youth to make the right decisions. but then it also breaks down in building the skills. and so unless we have providers, employers and youth worrying working much earlier in the process to develop those kinds of skills, on-the-job training, specifically targeted to the kinds of opportunities out there in the marketplace, we're not going to see improvements in the system. in...
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my job is not just to entertain you but i'm trying to educate and teach you. call me. 1-800-743-cnbc. you want to get a sense of just how important this -- i hate to even say it anymore -- fiscal cliff is? today we got an incredible employment report from the labor department. with 146,000 new jobs. i was looking for 90,000. the unemployment rate dropping to 7.7. i thought it might be 8%. and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it? so with that in mind, what's the game plan for next week? first off, perhaps the most important day of the week
my job is not just to entertain you but i'm trying to educate and teach you. call me. 1-800-743-cnbc. you want to get a sense of just how important this -- i hate to even say it anymore -- fiscal cliff is? today we got an incredible employment report from the labor department. with 146,000 new jobs. i was looking for 90,000. the unemployment rate dropping to 7.7. i thought it might be 8%. and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't...
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let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> here on "mad money" we ordinarily only talk about publicly traded companies. after all, this is a show that's all about helping to try to make you money in the stock market. but lately there's a lot of innovation happening at private companies, companies that are doing really cool things. and you know what i? don't want you to be behind the curve anymore on a big idea just because there isn't yet a way to trade it. that's why i want to introduce you to biolite. it's a private company with an genious product. biolite makes a little portable wood-burning camp stove that not only cooks your food in a way that's clean and safe as petroleum, petroleum-based fuels, but i think this is huge. the energy from the stove can also be used to charge your cell phone or other electronic devices. can you imagine the millions of people in the northeast that were without power and gasoline in hurricane sandy had
let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> here on "mad money" we ordinarily only talk about publicly traded companies. after all, this is a show that's all about helping to try to make you money in the stock market. but lately there's a lot of innovation happening at private companies, companies that are doing really cool things. and you know what i? don't want you to be behind the curve...
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help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? >>> tgif. what are palo alto networks doing today? >> the stock dropped more overnight. revenue went up but gross margi
help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate...
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let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >> after steve jobs died in 2011, there was an outpouring of gratitude from his fans for the way his inventions changed their lives. among the most passionate are parents of children with severe forms of autism, especially those who can't speak and appear hopelessly locked inside themselves. those parents often say these kids understand more and know more than they're able to communicate. well, now with the help of the ipad and other tablet computers, some of those parents are finding out they were right. as lesley stahl first reported in october 2011, it turns out that with specially designed applications, or apps, these computers are helping to unlock the isolation of people like joshua hood. >> imagine spending your life having conversations like this. "p." "l." having to poke out words on a laminated piece of paper one letter at time. "c," plastic. it was so frustrating for josh, his mother, nan
let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >> after steve jobs died in 2011, there was an outpouring of gratitude from his fans for the way his inventions changed their lives. among the most passionate are parents of children with severe forms of autism, especially those who can't speak and appear hopelessly locked inside themselves. those parents often say these kids understand more and know more than...
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we rely on a large overseas highly skilled professional contingent who are here, or educated here. and they're the people who are either -- buying and trying to get their first homes, or sort of moving up. it's very little to buy. >> how different is the short-term prognosis for the long-term? you sponsored this report. michael ball in business school, who said that in the end, property prices in particular were meant to go nowhere but up. why is he arguing that? >> the issue is that london is a growing city and we want it to grow and the economy to grow. the fact that we're not building, the green belt is constraining us, so we've got an issue there. but it's also very, very difficult to build into the center. there are more people coming. but also the aspirations are that much higher. as we earn more -- as the capital becomes more economically strong, people want more for their money and that places greater and greater pressure. it's not just investors coming here. that's a small part of it. it's the business and the economy back to the sort of basic economic theory. >> when a pr
we rely on a large overseas highly skilled professional contingent who are here, or educated here. and they're the people who are either -- buying and trying to get their first homes, or sort of moving up. it's very little to buy. >> how different is the short-term prognosis for the long-term? you sponsored this report. michael ball in business school, who said that in the end, property prices in particular were meant to go nowhere but up. why is he arguing that? >> the issue is...
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help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> better than expected numbers on the labor front for november out this morning. u.s. businesses added 146,000 jobs last month and the unemployment rate slipped to 7.7%, the lowest level in four years. of course, that's not the whole story because you had more people dropping out of the labor force. >> well, the former chairman of the council of economic advisers, now a senior fellow at the hoover institution. he joins us with his reaction. would you give it a, what, out of ten? >> i gave you part of the answer too, by the way. you're welcome. >> out of
help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate...
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and every once in a while, he says something and i just feel the need to educate him. and i am very passionate as many americans are about our second amendment rights, and so i was originally just trying to explain to him. i wasn't trying to be nasty. i was really trying to make him understand where this debate was coming from, and he backed me into a corner and so i came back with a musket. >> well, i think that musket thing was absolutely terrific. but i've got to ask you, i need some help here. i'm going on the piers morgan show tonight. we're going to talk about taxes and regulation spending. so i'm not going to tweet, carol. i'm actually going to be there signature across from him. what should i do? >> i think you'll be fine. piers kind of tends to go to the socialist side of things. he's from britain originally, and he doesn't understand the capitalist system all the time. so i think if you and i just keep educating him, keep explaining to him things like the second amendment, like the free enterprise system, like capitalism, i think eventually it will get throug
and every once in a while, he says something and i just feel the need to educate him. and i am very passionate as many americans are about our second amendment rights, and so i was originally just trying to explain to him. i wasn't trying to be nasty. i was really trying to make him understand where this debate was coming from, and he backed me into a corner and so i came back with a musket. >> well, i think that musket thing was absolutely terrific. but i've got to ask you, i need some...
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actually has to do things, defend the country, pay for social insurance, things that people care about, education, infrastructure, we need to collect revenue. when you are talking about collecting revenue from the top .2% of the wealthiest estates, folks whose capital gains, unlike you just said, folks whose capital gains have never been taxed before, because they've never been realized. they've never been sold in the market. >> okay. okay. we have to unfortunately leave it there. we've got time constraints. apologies to robert frank. >> they sucked all the oxygen out of the room. that's okay. dan and jared making nice right there. >> is that making nice? >> that was them making nice. >> okay. >> thank, guys. >>> talk about bang for your buck. mercedes are putting pedal to the metal for your money. >> wait until you hear about the unprecedented deals that are out there. and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to
actually has to do things, defend the country, pay for social insurance, things that people care about, education, infrastructure, we need to collect revenue. when you are talking about collecting revenue from the top .2% of the wealthiest estates, folks whose capital gains, unlike you just said, folks whose capital gains have never been taxed before, because they've never been realized. they've never been sold in the market. >> okay. okay. we have to unfortunately leave it there. we've...
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let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> welcome back to the halftime show. we start with occinedal petroleum down 0.5%. >> this stock has been hammered on a fundamental basis and it's interesting because the company, they're changing their strategy to focus on high return projects and also reigning in their spending, people were very concerned they were going to spend galore and not be able to initiate or increase their dividend. i like the story down in the low 70s particularly in the valuation and i like what i heard from management. >> dick's sporting goods, add that to the list of special dividend issuers, $2 a share payable on december the 28th. joe, the stock is getting a little bit of a lift. >> and dks is a favorite name of mine over the last couple of years, a secular trend, all about the footwear, the apparel and it's about the american consumer stepping out, exercising more and using the exercise equipment. this is a stock
let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> welcome back to the halftime show. we start with occinedal petroleum down 0.5%. >> this stock has been hammered on a fundamental basis and it's interesting because the company, they're changing their strategy to focus on high return projects and also reigning in their spending, people were very concerned they were going to spend galore and not be able...
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help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>> it is interesting to zero how -- the guidance is below street consensus and looks immediately through it because they think you are sandbagging that guidance. so walk us through the deceleration in same store sales growth. why are you giving this forecast? is it capacity issues? what is behind the slowdown? >> i don't think it's really capacity issues for us at all. i think we have great product in the store right now. we definitely lost some momentum in the middle, or the beginning of the quarter in november. where we had some technical issues with our product notifications
help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground...
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especially college education. college education going online will be big in the next five years. >> do you have investments in that? >> the have an investment in the guy who did the google car doing online education, a stanford professor and decided online education is next and google didn't want to do it and we're backing him and it will be fun to see. >> marc andreessen, thank you for being here. send it back to the studios. >> this is embarrassing. she is like throwing herself at the camera. i've never seen this side of you. >> there's so few voices willing to say what he said out loud. >> andrew, we asked him to guest host. he can talk the disrupter stuff and politics. >> he's the ultimate disrupter. >> another guy came out. will you do that? >> marc? >> we will have him come out. he's on his way back. >> becky will be back by then so you don't have to worry about me. >> right. exactly. got it. >> she'll leave the ring. >> need some muscle to keep you away. >>> the weird thing with twitter you have only tweete
especially college education. college education going online will be big in the next five years. >> do you have investments in that? >> the have an investment in the guy who did the google car doing online education, a stanford professor and decided online education is next and google didn't want to do it and we're backing him and it will be fun to see. >> marc andreessen, thank you for being here. send it back to the studios. >> this is embarrassing. she is like...
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let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. x- "sounds of african drum and flute" look who's back. again? it's embarrassing. it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. that makes watching tv even better. if your tv were a hot dog, zeebox would be some sort of fancy, french mustard. just like adding fancy mustard to a hotdog makes you go "woah!," zeebox adds video, info, and playalongs to spice up your favorite shows. download zeebox free and say "woah" every time you watch tv. >>> everyone involved in these markets has become a real negative
let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. x- "sounds of african drum and flute" look who's back. again? it's embarrassing. it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure...
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help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. sponsored report gave a full endorsement that more liquid natural gas exports will help our economy and more shale oil and gas production will make us energy independent. question, will the epa keep its snout out of this great breakthrough energy process? here now to tell us is john hoffmeister. john, what's this take on the liquefied natural gas? i didn't even know there were constraints on their exports. >> well, the department of energy has to grant permits to economies that would seek to export natural gas. the study that came out was not an endorsement by the department energy, not yet. it was a third-party report analyzing the situation. it will now go into public discussion. the department of energy hasn't really taken a position yet opt report. but here's the reality. this is buried treasure, larry, this is buried treasure in this country, natural gas, i mean, tha
help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. sponsored report gave a full endorsement that more liquid natural gas exports will help our economy and more shale oil and gas production will make us energy independent. question, will the epa keep its snout out of this great breakthrough energy process? here now to tell...
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let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from ch
let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know...
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big structural reforms to education and welfare, but also yesterday changes to our tax regime. so we now have one of the lowest corporation tax rates of any major economy in the world. we've just cut it so that it will be 21%, much lower than our competitors. and we've also greatly increased the allowances for small and medium sized firms so they can invest and expand. so where we've been able to help businesses, we've absolutely done that, and we've had very positive reaction from the business community. >> how concerned are you about the aaa rating and the risk that we continue to drift, still need to cut more and boost growth? >> well, we've got to go on commanding the confidence of the world that we can deal with our debts. that is reflected in the very, very low interest rates that we get at the moment for gilts. and of course that's the test, how much are investors will to go pay for our money f debt. and it scheme that failed to solve the problem and funding for lending hasn't delivered yet. we thought we would get more details about a small business bank to help address
big structural reforms to education and welfare, but also yesterday changes to our tax regime. so we now have one of the lowest corporation tax rates of any major economy in the world. we've just cut it so that it will be 21%, much lower than our competitors. and we've also greatly increased the allowances for small and medium sized firms so they can invest and expand. so where we've been able to help businesses, we've absolutely done that, and we've had very positive reaction from the business...
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let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> getting america back to work. our guest host is doing his part, spending millions to jump-start the motor city. dan gilbert is the founder of quicken loans and blackrock ventures. he tell us about the opportunity detroit. >>> netflix in the news. >> what you are about to see is channel 4 news. >> now the s.e.c. is showing interest in ceo reed hastings. we check out the good, the bad, and the ugly. >>> it's jobs friday. "squawk box" begins right now. ♪ >>> good morning, everybody. welcome back to "squawk box" on cnbc. i'm becky quick along with joe kernen and steve liesman who is in for andrew ross sork been. the futures are weaker this morning. the dow futures only down 15 points right now so they've shown some improvement. s&p futures down 1 1/2 points. investors focused on the november jobs report which is out 90 minutes from now. the dow jones forecast is calling for 80,000 new nonfarm jobs
let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> getting america back to work. our guest host is doing his part, spending millions to jump-start the motor city. dan gilbert is the founder of quicken loans and blackrock ventures. he tell us about the opportunity detroit. >>> netflix in the news. >> what you are about to see is channel 4 news. >> now the s.e.c. is showing interest in ceo...
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when you first had your meeting with them, how much do you have to educate them? what are they doing wrong up until the moment that they meet you? >> you know, we tell them, don't be afraid of the users. don't be afraid of letting users take control of your brand, and making them into something that they can enjoy and love. don't be afraid of having a little laugh, having a little fun. because what they try to do is put brand from the top-down perspective. here's the message we want to send you and we want to control users. but these kids, the millennials are not responding to that. they're going, i can spend my time looking at funnier ads somewhere else or i can spend my time dealing with brands who seem to understand who i am. we want to help brands understand that if you want to embrace the customer you have to trust them, too. >> and part of that involves hearing from them when they're a little critical of you. you've got to develop a thick skin when it comes to that. finally, you know, ben, we're hearing a little bit more often that venture capital is tougher
when you first had your meeting with them, how much do you have to educate them? what are they doing wrong up until the moment that they meet you? >> you know, we tell them, don't be afraid of the users. don't be afraid of letting users take control of your brand, and making them into something that they can enjoy and love. don't be afraid of having a little laugh, having a little fun. because what they try to do is put brand from the top-down perspective. here's the message we want to...
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he's college educated. i know he had phonics. >> he's an intelligent guy. i don't know why. >> i know he sees there's two "ns," he doesn't care. >> i call him the chairman just to avoid it. >> i think you like him so they call him timmy geithner. >> that's probably the case. >> a measure of disrespect. >> bernanke, like -- all right. thank you guys, thank you. you're not from these parts, are you? >> i'm from enland. >> thanks. how quickly did i figure that out. >> anyway. thank you. >> thank you, guy. thanks, jim. putting money to work or sticking to the sidelines. on his way to the set, make your way out, mitchell kaplan, ceo of jefferson national and former ceo of e-trade financial. we're going to find out how investors can rise above the fiscal cliff uncertainty. check out best buy this morning. take a look at this. we are up a little over 12%. buyout deal for electronics retail may be getting closer. dow jones reporting that the founder of that company will submit a former -- a formal offer this week. that story and a lot more in stocks to watch in jus
he's college educated. i know he had phonics. >> he's an intelligent guy. i don't know why. >> i know he sees there's two "ns," he doesn't care. >> i call him the chairman just to avoid it. >> i think you like him so they call him timmy geithner. >> that's probably the case. >> a measure of disrespect. >> bernanke, like -- all right. thank you guys, thank you. you're not from these parts, are you? >> i'm from enland. >> thanks. how...
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be sure to catch money in motion currency trading on fridays 5:30 eastern and if you want more education about currencies, go to currency class@money motion.cnbc.com. >>> a bigger than expected slide in the past week down by 2.4 million barrels. crude supplies fell by 2.4 million barrels. 7.9 million barrels was the rise in gasoline inventories. then we are also looking at fuel supplies that were up by 3 million barrels. up by 3 million barrels. we are looking right now at a sell-off in the oil market. we're still holding above the $88 mark for wti crude futures. we're also looking at lower prices for gasoline because of that huge build we saw and higher prices for heating oil. a proxy for diesel fuel and reflecting the distillate fuel supply number. bigger builds than were anticipated for gasoline and a bigger decline than was expected for crude supplies. send it back to you. >> thank you so much. when we come back, deal making in a post-fiscal cliff world. faber has an exclusive interview with the ceo of investment bank moelis and company. more in just a moment. >> announcer: the holid
be sure to catch money in motion currency trading on fridays 5:30 eastern and if you want more education about currencies, go to currency class@money motion.cnbc.com. >>> a bigger than expected slide in the past week down by 2.4 million barrels. crude supplies fell by 2.4 million barrels. 7.9 million barrels was the rise in gasoline inventories. then we are also looking at fuel supplies that were up by 3 million barrels. up by 3 million barrels. we are looking right now at a sell-off...
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crowd out all the other kinds of spending we need for the country, in defense and infrastructure and education. we need some rule changes to right size. >> what are you recommending, glenn? if you could get in on that conversation with the speaker and the president, what would you say? >> i think for our next year conversation, we need a budget rule that says, look, when we change our liabilities in social security and medicare, we have to ask the congress to pay for them. they either have to raise taxes or cut some other spending. that forces the congress to think about the mix between taxes, spending outside of the entitlements and spending on the entitlements. that's just not something our framers thought about. we didn't have a welfare state in those days. >> glenn, are you all right? >> i'm fine. >> apologize for that. >> that's okay. >> you never know what's going to happen. >> that's what happens when you criticize the welfare states. >> glenn, another big conversation we need to have as a nation is what percentage of gdp should that spending be? what has it been in the past? is there s
crowd out all the other kinds of spending we need for the country, in defense and infrastructure and education. we need some rule changes to right size. >> what are you recommending, glenn? if you could get in on that conversation with the speaker and the president, what would you say? >> i think for our next year conversation, we need a budget rule that says, look, when we change our liabilities in social security and medicare, we have to ask the congress to pay for them. they...
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let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> november jobs number coming in as quite a surprise to most. the street believed the numbers would be significantly lower due to sandy's impact. the labor department saying that was not the case. joining us exclusively, jan haszius. will we come in next month with huge very rigrevisions down to number. >> i don't think so. i don't think there's that much news in the report. the headlines of course are much better both on the establishment survey and on the household survey. on the establishment survey it's more sandy impact and on household survey it's participation rate. we're still seeing a gradual improvement in labor market conditions underneath all of the month to month noise but it's still pretty gradual. it's still quite slow. that was the impression i think prior to this and that's the impression still. >> seeing this came in above what you had expected, are you apt to revise upward any o
let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> november jobs number coming in as quite a surprise to most. the street believed the numbers would be significantly lower due to sandy's impact. the labor department saying that was not the case. joining us exclusively, jan haszius. will we come in next month with huge very rigrevisions down to number. >> i don't think so. i don't think there's that...
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and his point is there needs to be an education process -- >> i don't pre-judge the choices people make, right? you can make the decision that you want universal health care. >> you need to know -- >> here's what it looks like, what it costs, and obviously the discussion we never have is the opportunity cost, as well. and something that economics -- >> and i asked steny hoyer that question for a reason, you know how the house works. and rick, i'll say this to you, you can tell those guys in the house until you're blue in the face that i won the election and i made it about higher taxes and that still doesn't mean they have to -- you need those guys to pass the law, right? >> that's right. that's right. >> they got elected too. >> the saddest part. the saddest part is that people as smart as the people around that table up there would think that they're going to get the answer of what's truly best for the long-term health of this country by polling. that's why we're not really a democracy -- democratic republic, we're a republic! >> once again, if you -- >> do you want to get hit on the
and his point is there needs to be an education process -- >> i don't pre-judge the choices people make, right? you can make the decision that you want universal health care. >> you need to know -- >> here's what it looks like, what it costs, and obviously the discussion we never have is the opportunity cost, as well. and something that economics -- >> and i asked steny hoyer that question for a reason, you know how the house works. and rick, i'll say this to you, you...